Cunningham, a branch manager, is allowed a bonus of 10% of income after bonus and tax. If the tax rate is 30% and income before bonus and tax is $200,000, what is Mr. Cunningham's bonus?
A. $13,084
B. $14,000
C. $14,433
D. $20,000
Answer: A
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Because of its importance, the decision about what type of opinion to issue is often made after consultation with other professionals within the firm
a. True b. False Indicate whether the statement is true or false
Fetzer Company declared a $0.55 per share cash dividend. The company has 200,000 shares authorized, 190,000 shares issued, and 8,000 shares in treasury stock. The journal entry to record the dividend declaration is:
A. Debit Common Dividends Payable $100,100; credit Cash $100,100. B. Debit Retained Earnings $100,100; credit Common Dividends Payable $100,100. C. Debit Common Dividends Payable $104,500; credit Cash $104,500. D. Debit Retained Earnings $110,000; credit Common Dividends Payable $110,000. E. Debit Retained Earnings $104,500; credit Common Dividends Payable $104,500.
Which of the following is NOT a stakeholder?
a. a business competitor. b. shareholders. c. employees. d. customers.
In industries where creativity and innovation, along with rapid product development cycles and quick time to market, where necessary, this type of structure became popular:
a. network b. boundaryless and process c. unit d. matrix